VS Industry is poised to stage a technical breakout, after testing the immediate resistance with improved trading volume. If it manages to breach the immediate resistance of MYR1.50 to form a “higher high” pattern, the positive momentum may propel the stock towards the next resistance at MYR1.63, followed by MYR1.70. Meanwhile, if it falls below the MYR1.38 support, this expectation will be voided.
Source: RHB Securities Research - 6 Aug 2021
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Created by rhboskres | Aug 26, 2024